Among the star performer in trade today was TCS, which closed the day with gains of almost 12%. The company reported a splendid set of numbers for Q4 and is expecting better than industry growth rates in the coming year.

Telecom stocks like Bharti Airtel and Idea Cellular lost heavy ground today, following the recommendation of the Telecom Regulatory Authority of India.

Among the other gainers today were Wipro, SAIL and HCL. Stocks that lost ground today were Ambuja Cements, Larsen and Toubro, ACC and Kotak Mahindra Bank.

Markets are expected to remain range bound in the absence of domestic triggers. They are likely to now take cues from global trends.

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